Ordered about $40,000 worth of mining equipment from Halong and DHL is stating I have to pay more than $1,200 in import duty taxes and fees! Is this right? I had no idea it would be this much. I live near the customs office, should I try to clear it myself? I’m in the USA.
The import duty is usually like 30-40% on the net value of the items when you buy something related to technology. If you buy anything other than that,it varies from 12-15% max,for most countries I guess.
For technology,there is first import duty(varies from 5-15%),then fee charged by the customs officer(it depends on how much he wants to charge) and finally add up the whole sum,charge the VAT for that amount,and you have to pay that whole amount.
All in all,it rounds up to 30-40%.